Cormark Downgrades Centerra Gold (TSE:CG) to Hold

Centerra Gold (TSE:CG) was downgraded by analysts at Cormark from a “moderate buy” rating to a “hold” rating in a research note issued to investors on Wednesday,Zacks.com reports. Cormark also issued estimates for Centerra Gold’s Q1 2025 earnings at $0.13 EPS, Q3 2025 earnings at $0.13 EPS and FY2026 earnings at $0.87 EPS.

Several other research analysts also recently weighed in on CG. Raymond James dropped their target price on Centerra Gold from C$13.00 to C$12.50 in a research note on Monday, November 4th. Desjardins downgraded Centerra Gold from a “buy” rating to a “hold” rating and dropped their target price for the stock from C$12.75 to C$11.00 in a research note on Thursday, February 13th. CIBC dropped their target price on Centerra Gold from C$12.50 to C$9.80 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada dropped their target price on Centerra Gold from C$12.00 to C$11.00 in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$11.40.

Centerra Gold Trading Down 4.8 %

CG opened at C$8.20 on Wednesday. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.26 and a beta of 1.23. The company has a current ratio of 3.60, a quick ratio of 3.24 and a debt-to-equity ratio of 1.26. Centerra Gold has a 12 month low of C$6.66 and a 12 month high of C$10.59. The stock has a fifty day moving average price of C$8.72 and a 200-day moving average price of C$9.04.

About Centerra Gold

Centerra Gold Inc, a gold mining company, engages in the acquisition, exploration, development, and operation of gold and copper properties in North America, Turkey, and internationally. The company explores for gold, copper, and molybdenum deposits. Its flagship projects are the 100% owned Mount Milligan gold-copper mine located in British Columbia, Canada; and the Öksüt gold mine located in Turkey.